Useful insights on Industry 4.0
Industry 4.0 is currently revolutionising the manufacturing sector. But what exactly is Industry 4.0 and how does it work? Industry 4.0 is the German strategic initiative that aims to improve the way companies manufacture and distribute their products. Industry 4.0 can be characterised by use of technologies such as artificial intelligence, data analytics and internet of things throughout manufacturing operations. The aim of the Industry 4.0 is to optimise the production output through an efficient collaboration of man and machine. For many companies, spare parts management is a complex system that demands intelligent management.
As a leading e-marketplace for unused and genuine MRO spares, we share with useful insights on Industry 4.0 and how it is helping the manufacturing industry:
Acceleration of processes through automation: Artificial intelligence, advanced robotics and sensor technology have the potential to make processes more efficient. For instance, thanks to artificial intelligence, it is now possible for a machine to detect that a spare part is needed. The machine alerts the intelligent spare parts catalogue that it is connected to. The manufacturers will initiate a service order before facing any downtime. Industry 4.0 is characterised by smart factories that have advanced sensors, embedded software and robotics ---- which work together to eliminate gaps and delays.
Predictive maintenance with condition monitoring: By analysing data throughout production and noting unusual behaviour of machines ahead of time, technologies are making it possible to avoid or reduce extended periods of downtime. Here the machine initiates a service ticket and eventually the technician fixes the problem. Before the adoption of IoT in the manufacturing industry, professionals and machine operators would have to frequently schedule maintenance to identify if any machine or its parts might need to be repaired.
Drones for physical inventory count: The digital transformation of warehouses is underway across the world. While it is important for companies to keep a physical inventory count, the traditional approach is time consuming. Many companies such as Amazon and FedEx are using drones to drive more precise logistics and inventory management. Drones give real-time up-to-date inventory of what is in the warehouse and what moved in and out.
Drone deliveries for efficient time management: Companies that have adopted Industry 4.0 model are using drones to deliver spare parts to technicians as and when they are required. This saves a lot of man hours spent on generating a service ticket, locating spare parts and transporting spare parts to the location of the machinery. Drones can make deliveries at any time of the day, be it day or night.
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